Bitcoin influence on altcoins
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Whales Awaken and ETFs Flee: Ethereum’s Struggle to Hold the Line at $2,600
- August 27, 2024
- Posted by: Gordon
- Category: Crypto Market, ICO Blog, IGH News, Market Insights, Market News
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Ethereum, the world’s second-largest cryptocurrency, has recently seen its price drop to $2,600, reflecting growing concerns among investors. This decline comes amid a significant outflow from Ethereum ETFs, geopolitical tensions, and renewed whale activity, which have collectively put downward pressure on the market. ETF Outflows Signal Weakening Confidence In the past few weeks, Ethereum exchange-traded
